China Economic Watchhttps://piie.com/taxonomy/term/3/China-Economic-Watch
enWhy China Is Cracking Down on Cryptocurrencies and ICOshttps://piie.com/blogs/china-economic-watch/why-china-cracking-down-cryptocurrencies-and-icos
China initiated a harsh crackdown on cryptocurrencies in early September, part of a broader toughening against financial risk and increased regulatory vigilance on new financial products. Initial Coin Offerings (ICOs) are now banned, a necessary action at present to protect investors from fraud and...Fri, 15 Sep 2017 10:15:00 -0400Martin Chorzempa/blogs/china-economic-watch/why-china-cracking-down-cryptocurrencies-and-icosWhy China Is Curbing Outbound Direct Investmenthttps://piie.com/blogs/china-economic-watch/why-china-curbing-outbound-direct-investment
In June, China’s financial regulator requested banks to investigate several large enterprises actively engaged in overseas investment. The most notable is Dalian Wanda, China’s largest private property developer. China’s Banking Regulatory Commission has ordered banks to cut its credit lines to the...Tue, 22 Aug 2017 11:30:00 -0400Zixuan Huang, Heiwai Tang/blogs/china-economic-watch/why-china-curbing-outbound-direct-investmentWhy China Isn’t Ready Yet to Lead Globalizationhttps://piie.com/blogs/china-economic-watch/why-china-isnt-ready-yet-lead-globalization
As the United States under President Donald Trump retreats from its leadership role on global integration, China is well placed to take the position. It is the world’s largest exporter and by some measures also the world’s largest economy. It is time for China to play a bigger role in setting...Mon, 24 Jul 2017 15:30:00 -0400Caroline Freund/blogs/china-economic-watch/why-china-isnt-ready-yet-lead-globalizationChina's Excess Capacity in Steel: A Fresh Lookhttps://piie.com/blogs/china-economic-watch/chinas-excess-capacity-steel-fresh-look
China's steel production has expanded rapidly in the last decade. But its capacity for production has increased at an even higher rate than production, leading to growing excess steel capacity. The amount of Chinese excess steel capacity, defined conventionally as the capacity that could be used...Thu, 29 Jun 2017 16:45:00 -0400Zhiyao (Lucy) Lu/blogs/china-economic-watch/chinas-excess-capacity-steel-fresh-lookChinese Steel Exports to the United States Dropped Dramatically in 2016https://piie.com/blogs/china-economic-watch/chinese-steel-exports-united-states-dropped-dramatically-2016
On April 20, 2017, the Trump administration self-initiated an investigation on whether steel imports “threaten to impair" national security, using section 232 of the Trade Expansion Act of 1962. President Trump claimed that “both the United States and global markets for steel products are distorted...Mon, 26 Jun 2017 14:45:00 -0400Zhiyao (Lucy) Lu/blogs/china-economic-watch/chinese-steel-exports-united-states-dropped-dramatically-2016Is China the Most Protectionist Country? No, Not By a Long Shothttps://piie.com/blogs/china-economic-watch/china-most-protectionist-country-no-not-long-shot
Commerce Secretary Wilbur Ross labeled China as “ the most highly protectionist of the big countries ” in his recent interview with the Wall Street Journal . China is a difficult investment environment for foreign firms in some industries, but its trade protection is modest, not significantly above...Tue, 20 Jun 2017 17:45:00 -0400Zixuan Huang, Nicholas R. Lardy/blogs/china-economic-watch/china-most-protectionist-country-no-not-long-shotChinese Private Investment Growth Decelerates Sharply in 2016https://piie.com/blogs/china-economic-watch/chinese-private-investment-growth-decelerates-sharply-2016
Recently released official 2016 data from China place private investment growth at 3.2 percent compared to 18.7 percent for state investment growth. However, when properly defined to include both registered private companies and limited liability companies that are privately controlled, private...Thu, 16 Mar 2017 16:30:00 -0400Nicholas R. Lardy, Zixuan Huang/blogs/china-economic-watch/chinese-private-investment-growth-decelerates-sharply-2016Resurgence of State-Led Growth in China?https://piie.com/blogs/china-economic-watch/resurgence-state-led-growth-china
A new report from the Chinese statistical authorities shows that for the first time in almost four years the growth of profits of state-controlled industrial firms has exceeded that of private registered industrial firms. An earlier post on China Economic Watch examined an apparent massive surge in...Fri, 30 Dec 2016 11:15:00 -0500Nicholas R. Lardy, Zixuan Huang/blogs/china-economic-watch/resurgence-state-led-growth-chinaTracking China’s Service Sectorhttps://piie.com/blogs/china-economic-watch/tracking-chinas-service-sector
China’s service sector comes under frequent scrutiny in part because it is notoriously hard to track, with many indicators only coming quarterly or even annually, with significant lag times. [1] As the driver of growth in China, having expanded more than the industrial sector, it is necessary to...Mon, 07 Nov 2016 16:15:00 -0500Sean Miner/blogs/china-economic-watch/tracking-chinas-service-sectorPakistan: A Rocky Bridge on China’s Silk Roadhttps://piie.com/blogs/china-economic-watch/pakistan-rocky-bridge-chinas-silk-road
The role of Pakistan in China’s large-scale One Belt One Road (OBOR) infrastructure push provides a clear illustration of the logistical and security challenges facing the project. In April of 2015, China’s President Xi Jinping visited Pakistan and signed the China-Pakistan Economic Corridor (CPEC...Wed, 19 Oct 2016 12:00:00 -0400Sean Miner/blogs/china-economic-watch/pakistan-rocky-bridge-chinas-silk-roadChina Exports Sink, But Shrinking Imports May Matter Morehttps://piie.com/blogs/china-economic-watch/china-exports-sink-shrinking-imports-may-matter-more
China’s exports unexpectedly dropped 10 percent in September from a year earlier, a sign of global economic weakness. Year-to-date, China’s exports are down 7.5 percent, a significant enough decline to cause serious concern about the state of China’s manufacturing industry. Interestingly,...Thu, 13 Oct 2016 16:30:00 -0400Sean Miner/blogs/china-economic-watch/china-exports-sink-shrinking-imports-may-matter-moreChina’s Rebalance Reflected in Rising Wage Share of GDPhttps://piie.com/blogs/china-economic-watch/chinas-rebalance-reflected-rising-wage-share-gdp
The rebalancing of China’s economy has been underway for five years. As has been widely noted, services and consumption , rather than industry and investment, are increasingly driving growth. Almost unnoticed, trends in the distribution of national income among workers, enterprises, and the...Thu, 13 Oct 2016 10:15:00 -0400Zixuan Huang, Nicholas R. Lardy/blogs/china-economic-watch/chinas-rebalance-reflected-rising-wage-share-gdpChina’s Renminbi Is about to Break the Financial Glass Ceilinghttps://piie.com/blogs/china-economic-watch/chinas-renminbi-about-break-financial-glass-ceiling
China’s currency, the renminbi, is about to break the financial world's ultimate glass ceiling when it enters into the currency basket of the International Monetary Fund’s (IMF) special drawing rights (SDRs) on October 1. It will become the first emerging-market currency that can be used to settle...Wed, 28 Sep 2016 14:30:00 -0400Tamim Bayoumi/blogs/china-economic-watch/chinas-renminbi-about-break-financial-glass-ceilingChina Private Investment Softens, But Not as Much as Official Data Suggesthttps://piie.com/blogs/china-economic-watch/china-private-investment-softens-not-much-official-data-suggest
Official investment data from China’s National Bureau of Statistics (NBS) show a surge in state investment 1 and a collapse in private investment in the first half of 2016 (figure 1). But the figure exaggerates the slowdown in private investment in 2016. The reason is that the data for private...Fri, 19 Aug 2016 13:15:00 -0400Nicholas R. Lardy, Zixuan Huang/blogs/china-economic-watch/china-private-investment-softens-not-much-official-data-suggestWell-Being in China Across Time and Spacehttps://piie.com/blogs/china-economic-watch/well-being-china-across-time-and-space
China has experienced tremendous growth in recent years. However, its growth has not spread evenly between the inland and the coastal provinces. In my research, I am addressing whether the increase in quality of life has been evenly distributed across regions. Zilinsky recently demonstrated...Thu, 04 Aug 2016 16:30:00 -0400Asher Rose/blogs/china-economic-watch/well-being-china-across-time-and-space